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Author Question: Describe the purpose of an aging report. What will be an ideal ... (Read 61 times)

lilldybug07

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on: Jul 12, 2018
Describe the purpose of an aging report.
 
  What will be an ideal response?

Question 2

What general ledger report discussed in this chapter shows income and expenses?
 
  What will be an ideal response?


mmpiza

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Reply #1 on: Jul 12, 2018
Answer to Question 1

To monitor the accounts receivable; to know what monies are owed the business for how long, and by whom.

Answer to Question 2

Income statement; also called a profit and loss report.


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